Havas growth builds from Asia: 3rd quarter results

PARIS - Havas has reported 5.1 per cent revenue growth (year-on-year) for the third quarter, led largely by its Asia-Pacific division.

David Jones, global CEO of Havas

Total revenue for the Paris-based group reached US$548 million, representing total organic growth of 7.3 per cent.

While Europe remained the group's most profitable region, with US$276 million in revenues, the world's emerging markets were responsible for the majority of year-on-year growth for the network.

The combined Asia-Pacific and Africa division grew by 14.6 per cent over the 12 months to the end of September, bringing in revenues of US$37 million.

Vishnu Mohan, Asia-Pacific CEO for Havas, said this was an excellent result for both the network nad the region.

"What's clear is that Asia-Pacific is becoming an important market for Havas," he told Campaign. "It's a small percentage in absolute terms, but the growth and future potential are clear."

Among the key markets within the region, Mohan cited China ("largest growth contributor"), Australia, Singapore and the Philiippines as having had the best quarter year-on-year.

David Jones, global CEO of Havas (pictured), said the strength of its business in emerging markets had laid down strong foundations for the network's future growth. "For the first nine months of the year, all our regions grew, led by Latin America and Asia with strong growth in North America," he said. "All divisions contributed to our performance including a continued acceleration in digital."

Mohan said the group was now looking to Asia-Pacific for further growth in the near-term, and is investing heavily with "many projects in the pipeline" for the region.

"We know that the group recognises the importance and the current performance (of Asia-Pacific) and is channeling investment into this platform," he said.

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